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points. first of all, defense will and can make a contribution to deficit reduction. secondly, this is not the way. the sequester is the worst way to go about reducing defense spending. thirdly, the right way to do it is to go after taxes, raise tax revenue and cut the entitlement programs, which are driving long-term spending growth and debt creation in this country. it's not defense, which is on a relatively stable downward path. so, you know, i would agree that we need to cut our deficits. it's just the wrong way to do it. >> so what is the better way to do it? here we have, you know, automatic cuts coming, automatic tax increases coming. a lot of people predicting that 2013 will be a recession as a result of this. we haven't even heard from the defense companies in terms of how many jobs they're about to cut because of it. so what's the best way to do it? >> keep in mind nobody wants the sequester to happen. maybe chris and his colleagues at catos are an exception. the idea of a sequester is so awf awful, it would cut so deeply into spending, it should never happen. it's a
-hanging fruit that is defense cuts as well as the entitlements. medicare, medicaid, and social security. where do you see opportunity for cuts? >> we see opportunity across the budget. in agriculture, in transportation. as you say, in defense and in general government programs but across the government we think there's opportunities. probably if you look at crop insurance or commodity payments in the agriculture, that can add up. smaller areas that's $1 billion. $1 billion here, $1 billion there, it adds up to money. we wanted a menu of thoughtful choices to reduce our deficit and avoid sequestration. >> go through it for us. because, you know, i guess if it were that easy, it would have been a lot simpler getting to the point where we're at. can you talk to us specifics about what you think should be cut? >> sure. that's what we wanted to do in this report. it's more than $100 billion in agriculture, more than $100 billion in energy, and as i said, in agriculture, commodity crop payments, reforming crop insurance. in energy, we'd like to eliminate the entire tight. 17 loan guarantee program w
for growth. really, what we're seeing in r.i.m.'s numbers are how well it's doing at playing defense. we know that part of their strategy is discounting their products, hoping they can create somewhat of a moat around them and give them time to get blackberry 10 out. seems that defensive strategy is working better than a lot of people expected. their average selling price is not down as much as people expected. a number of analysts expected them to do worse than that $2.5 billion number. they got up to 2.9. what we're seeing here is the the defensive strategy. it remains to be seen now that the iphone 5 is out and the samsung galaxy iii is out in the channel. >> all right, john. thank you so much. stock up big, 14% higher on r.i.m. up next, europe is a mess. the u.s. and china are slowing down. where is global growth coming from? bob hormats is with me. >>> then, it seems like a number of americans are learning a bad habit from washington. we'll tell you which one next. e, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a
things with the defense department and where they're going to be at as far as cuts go. we'll get an indication what's going to happen. i think we'll have to wait until the election is over and done with and we'll get clarity for the future of the markets. >> i really like the fact you're looking at this whole dividend issue. we've been talking about the fiscal cliff a lot on this program. do you really think these guys are going to allow dif vidend taxes to go to 43%? >> they think hthis is a bunch f wealthy people trading the stock market. these are teachers' pension funds. all receiving some kind of yield with their investment into the marketplace. if you're going to take the cost of that and go up significant, maybe less people will be involved. it's not good for the overall economy, in my opinion. >> as an executive at a firm that has raised the dividend, that's been paying back shareholders, even in a good performance, not that you need it, would that dictate your behavior? would you -- if dividend taxes went that high, would you reconsider? >> we've taken nothing off the ta
, statutes of limitation, legal defenses, nature of the injury, the damage suffered, all of that has to go into the negotiation process. >> so you're also overseeing the aurora victim relief fund. you say it's unusual for a fund to exist at all. why do you say that? >> how many bad things happen to good people every day in this country? you don't have aurora funds or virginia tech funds or 9/11 funds. this is a singular example of private donations coming into the aurora community. the governor of colorado, governor hickenlooper made it clear. he wanted me to get this money out fast without restrictions. i'll be out in aurora next week to listen to the victims, hear what they have to say, meet with the governor, and hopefully quickly come up with a compensation proek ree yum to distribute what is a small amount of money, relatively speaking. >> all right. we'll leave it there. ken, thanks so much for your time today. we appreciate it. best of luck with these cases. see you soon. >> thanks again, maria. >> ken feinberg joining us. up next, it's the interview we've been waiting for. larry el
Search Results 0 to 4 of about 5

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